The deal gets done in the summer of 1997. The company and with benchmark and David Byrne highly involved has recruited Meg Whitman superstar Meg Whitman from Hasborough, previously of Disney strap planning fame. At the IPO in September 1988 benchmark stake of the 6.7 million they invested is worth 400 million Fortunately for them though. They're still locked up for another six months. I believe it was bane one of the big three consulting firms to come in Take over a CEO and lead this business and God does Wall Street love this story.
Benchmark Capital. We tell the tale of the legendary equal partnership that accomplished something no other venture firm can claim: twice it has produced the highest returning fund of its cycle, each time with a 100% different GP lineup. If ever there were a playbook for successful generational transfer of a generational-defining venture firm, this is it. We spend 3.5+ hours digging into how the dotcom “eBay eBoys” transformed into the rockstar Fab Four of the Uber, Instagram and Snap mobile gold rush (spoiler: not by a straight line!), and what the future holds for Benchmark’s next GP generation. If you’re a student of the venture game from any angle — founder, GP, LP, etc — this is a story you need to tune in for!
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Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.